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ACQUISITION OF TRANSTAR, INC (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the final allocation of the purchase price, as presented in our Consolidated and Combined Consolidated Balance Sheets:
Fair value of assets acquired:
Cash and cash equivalents$8,918 
Accounts receivable18,625 
Operating lease right-of-use assets12,231 
Property, plant and equipment487,946 
Intangible assets60,000 
Other assets17,052 
Total assets604,772 
Fair value of liabilities assumed:
Accounts payable and accrued liabilities47,010 
Operating lease liabilities10,689 
Pension and other postretirement benefits (1)
34,698 
Other liabilities8,487 
Total liabilities100,884 
Goodwill (2)
132,121 
Total purchase consideration$636,009 
________________________________________________________
(1) Included in Other liabilities in the Consolidated and Combined Consolidated Balance Sheets.
(2) Goodwill is primarily attributable to the assembled workforce of Transtar and the synergies expected to be achieved. This goodwill is assigned to the Railroad segment and is tax deductible for income tax purposes.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination
The following table presents the identifiable intangible assets and their estimated useful lives:
Estimated useful life in yearsFair value
Customer relationships
15
60,000 
Schedule of Property Plant And Equipment Acquired as Part of Business Combination
The following table presents the property, plant and equipment and their estimated remaining useful lives:
Estimated remaining useful life in yearsFair value
Railcars
1 - 40
$111,359 
Track and track related assets
1 - 40
90,904 
Land, site improvements and rightsN/A87,450 
Bridges and tunnels
15 - 55
173,896 
Buildings and improvements
3 - 25
12,448 
Railroad equipment
2 - 15
2,725 
Terminal machinery and equipment
2 - 15
3,325 
Vehicles
2 - 5
3,740 
Construction in progressN/A1,928 
Computer hardware and software
2 - 5
171 
Total$487,946 
Business Acquisition, Pro Forma Information
The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place as of January 1, 2020.
Year Ended December 31,
20212020
Total revenue$199,762 $183,744 
Net loss attributable to Former Parent$(56,717)$(39,349)